Business & Finance Wealth Building

How to Learn to Trade in the Stock Market

Learning about the stock market online can be hard work. You can establish your own pathway in learning everything you need to become a successful broker. A word to the wise though,you may never start trading due to the sheer volume of information available. This is why choosing a course that will provide you with the information and skills you need will reduce your time to the market considerably. But this is going to get a lot more personal than you might think. If you note the following steps and actually take them, you'll be in an excellent position to start learning how to trade on the stock market.

Firstly, start with sources you can trust. Google forums and reviews on "how to trade shares" or "how to trade on the stock market". Read through some of the reviews. Have a look at the who the authors are and make a note of them, then Google those individuals to ensure they are real, and not just a ghost writer for someone else. See who they've helped and make a list of the authors you feel comfortable with. One author to start with is Bryan Sullivan, the author of Barefoot Trading.

The second step is to look at your motives for learning this new skill. Be aware that this is a new skill that you'll be learning, like learning a new language. Don't be fooled by those who claim it's something you can pick up in a matter of an hour, because it's not. If your motivation is strong, and you truly want to learn a new skill to change your life, then you most likely have the drive and strength to achieve your goals. So commit yourself, and keep going on your path to success.

Thirdly, write down your goals. What is it you want? Why are you so motivated to learn a new skill, pour in hours of your time and a chunk of money? What are you willing to do to make your life different to what it is today, and what's going to keep you on track to ensure you achieve your success? Write those things down right now.

Once you have your list of your reasons written down, get yourself a cork board, white board, or even a small sheet of ply-wood; it could even be the refrigerator. Get some thumb tacks, or some magnets if you've taken the fridge option, and stick up your list. Then collect all of the photos that relate to each of the items on the list, and create a visual collage of your motivation. If it's for your kids education, pin up a photo of each of them. If it's to have a comfortable retirement, include a picture of what you want to be doing when you retire. If it's to change your life from what you're living today, map out a series of pictures of what you want your life to look like.

The fourth step gets rather personal. You need to look at what you're doing when you're trading the stock market, you're making money. Everyone has a relationship with money, and it's at this point you need to consider your own relationship with money. Are you a spender or a saver? Does money come to you easily? Do you take care of money? Does money take care of you? Or are your bills out of control and are debt collectors chasing you? Do you manage what money you have now well?

If you're struggling financially now, that doesn't mean you can't learn how to trade, it simply means you need to work on that relationship. Before you can invite more money into your life, you need to be able to manage what money you in your life today. Once you have that under control, then you're in a position to invite more in.

The fifth step is simple. Take action. It's as simple as that. If you are in a tight spot at the moment, but you're managing what money you do have well, and you're looking to create new income streams, then learning how to trade on the stock market is definitely for you.

Taking action is the critical step. Get yourself enrolled in an online course. Watch the videos provided, get involved in the forums and communicate with people just like you who are on a similar path. You cannot fail if you take persistent action.

Read the business news, get to know who's making the plays, who's making the money, who's got a great strategy for a business and who's fighting to stay afloat. Watch the market, even if it doesn't make sense. Find out what all of those numbers and movements mean, and listen to the language people who are in the market use.

If you are struggling to pay the bills, and you're having a lousy time with money right now, there is certainly some work to do, but there is help available.

Struggling to pay the rent and bills is no fun for anyone, and I've been there myself. It doesn't last forever if you do something about it and keep your eye on your dreams and goals. Make sure you make your motivation list, create your motivation collage, and know that you can move from the place you're in right now.

Simply use Google to find yourself a financial councilor in your local area. Probably the best thing to do is to change your mindset around money. The Millionaire Mind Intensive program, by T. Harv Eker, is free to attend and is facilitated all over the world. Use Google to find when it's being held in your local town. My advise is to do both of these things. Take care of the here and now immediately, then get on with making changes for your life.

There are plenty of good courses. Buy one and start learning whilst you get your affairs in order. If you can see it's going to take 12 months or more, buy one anyway, you won't regret it. Learn the skills, apply the knowledge. Learn from your mistakes and remember that there's no such thing as failure, it's just a step toward success.

If you've watched your retirement savings take a dive, your job "security" go out the window, and your way of life look as though it's threatened, then it's time you took some action.
Many of us are facing the same problems and struggling to make ends meet month after month.
The best investment you can make is in yourself. Only you can change this, and there's plenty of help to get you there. Learning how to trade shares is a sure fire way to generate a consistent income, no matter what the market conditions are.

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